6610 Fourth Line Road Ottawa, ON K0A 2T0
Listing Courtesy of:  CREA / eXp Realty

  6610 Fourth Line Road Ottawa, ON K0A 2T0

Active (4 Days)

Description

This is a rare investment opportunity featuring eight spacious and beautifully updated residential rental units, including a large single-family home attached to the main building. Situated on a massive lot with ample parking, this property offers exceptional cash flow with low operating costs thanks to no water bills (on well water), low property taxes, a brand new commercial-grade septic system, and separately metered, upgraded electrical throughout. Heating is fully electric and efficiently serviced by brand new heat pumps, with a backup gas furnace available for added security. Seven of the eight units have been renovated three in approximately 2021 and four in 2025 featuring bright, modern, and spacious interiors. The large main home offers tremendous upside with the potential to increase rents following tenant turnover. Located on one of the most desirable streets in the area, this property has incredible future development potential. With several long-term tenants in place, theres significant room for rent growth making this a prime candidate for a high-value refinance as leases turn over.The upside is real and its not priced in! (id:41440)

MLS®:
X12178911
Lot Size
0.49 acres
Type
Multifamily
County
Ottawa

Listed By

Jason Spartalis, eXp Realty
Source
CREA
Last checked Jun 1 2025 at 12:55 PM EDT
Bathroom Details
Interior Features
  • Washer
  • Refrigerator
  • Stove
  • Dryer
Heating and Cooling
  • Natural Gas
  • Other
  • Fully Air Conditioned
Parking
  • Total: 10
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by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 6/1/25 05:55

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